Why is pldt considered as monopoly?

Answer 1

PLDT (Philippine Long Distance Telephone Company) is often considered a monopoly in the Philippines because it has historically dominated the telecommunications market, controlling a significant share of both fixed-line and mobile services. Its extensive infrastructure investment and wide-reaching network have made it difficult for competitors to enter and compete effectively. This dominance can lead to limited choices for consumers and potentially higher prices. Government regulation attempts to promote competition have been ongoing, but PLDT's established presence remains a significant barrier to new entrants.